Tag Archives: Usury

Where a Chapter 7 trustee has claimed that loan interest charged by the defendants was usurious, the claim must fail in light of the defendants’ notice to the Massachusetts Attorney General of their intent to charge interest at a rate ...

Where a creditor has asserted a claim secured by a first mortgage on property owned by the debtor consisting of a partially built eight-unit oceanfront condominium on Cape Cod, the creditor’s secured claim is estimated by the court to be $3,921,126.73.

Where two defendant holders of credit cards have challenged a lower court’s decision to dismiss their usury counterclaims against the plaintiff bank, the dismissal should be upheld under the law of South Dakota, which is the bank’s principal place of business.